Allianz Global Investors Expands European Renewable Portfolio with Minority Stake in French Offshore Wind Project

Photo © EMYN-F. Badaire

(IN BRIEF) Allianz Global Investors has acquired a 20.25% minority stake in the îles d’Yeu et Noirmoutier offshore wind farm in France from Ocean Winds, marking the first offshore wind partnership between the two groups and Allianz’s first such investment in the French market. The project is nearing completion, having generated first power in June 2025, with over two thirds of its turbines already installed and supplying renewable electricity to French households, and full commissioning expected in Q1 2026. The investment builds on Allianz’s established track record in offshore wind across Europe and reflects its continued commitment to advancing renewable energy infrastructure, supporting decarbonization goals, and creating long-term value for its insurance clients.

(PRESS RELEASE) MUNICH, 22-Jan-2026 — /EuropaWire/ — Allianz Global Investors has secured a 20.25% minority ownership stake in the îles d’Yeu et Noirmoutier offshore wind farm in France, acting on behalf of Allianz insurance companies, following an agreement with Ocean Winds. Ocean Winds, a global offshore wind developer jointly established by EDP Renewables and ENGIE, remains a key partner in the project. The transaction marks the first collaboration between Allianz and Ocean Winds within the offshore wind sector and expands Allianz’s growing portfolio of renewable energy investments across Europe.

The îles d’Yeu et Noirmoutier offshore wind farm is currently in the final stages of construction and has already begun generating electricity. First power was delivered in June 2025, and more than two thirds of the wind turbines have now been installed, supplying renewable energy to households across France. Full commissioning of the project is anticipated in the first quarter of 2026, positioning the wind farm as a significant contributor to France’s clean energy capacity.

Mario Skoric, Chief Executive Officer at Allianz Investment Management, highlighted the strategic importance of the investment, noting that it represents Allianz’s third direct offshore wind investment following projects in the Netherlands and Germany, as well as its first in the French offshore wind market. Allianz has been active in renewable energy investments in France since 2008, and the îles d’Yeu et Noirmoutier project further reinforces its long-term commitment to supporting the energy transition, expanding renewable infrastructure, and delivering stable, long-term returns for policyholders through sustainable assets.

Media Contact:

Pia Groeger
Allianz Global Investors
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Allianz Global Investors is a leading active asset manager with more than 700 investment professionals in 21 offices worldwide, and managing EUR 580 billion in assets. We believe that with every change comes an opportunity. Our goal is to actively shape the future of investing for all our clients, wherever their location and whatever their objectives. Curious and active in everything we do, we aspire to generate impact beyond alpha, steering our clients’ assets towards the right place at the right time, and building solutions that draw on capabilities across public and private markets.

Our focus on protecting and growing our clients’ assets allows us to create trusted partnerships, underpinned by a commitment to sustainability and driving positive change.

Data as at 30 September 2025. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-à-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.

The Allianz Group is one of the world’s leading insurers and asset managers serving private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 761 billion euros* on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.9 trillion euros* of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2024, over 156,000 employees achieved total business volume of 179.8 billion euros and an operating profit of 16.0 billion euros for the Group.

* As of September 30, 2025.

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SOURCE: Allianz

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